Question

Q.37. On March 1, 2016, the Directors of Sahara Ltd. issued 10,000 Equity Shares
of 100 each at 125 per share, payable 50 on application (including premium), 345
on allotment and the balance on 1st June, 2016.
The lists closed on March 10, 2016 by which date applications for 16,000 shares
were received. Of the cash received, 50,000 was returned and 2,50,000 was applied
to the amount due on allotment, the balance of which was paid on March 16, 2016.
Call money was received on 1st June, 2016 with the exception of one allottee of
200 shares. These shares were forfeited on October 15, 2016 and reissued as fully paid
at 110 per share on December 3, 2016.
Record necessary journal entries in the books of Sahara Ltd. using a joint account
of application and allotment.​

Answer 1

Answer:

what is this?..............